Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date:  July 31, 2003
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FEDERAL RESERVE Statistical Release
 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
July 31, 2003
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Jul 30, 2003
Week ended
Jul 30, 2003
Change from week ended
Jul 23, 2003 Jul 31, 2002
                                                              
Reserve Bank Credit                                         713,408     -   3,314     +  57,913       718,092 
 Securities held outright                                   652,843     +      79     +  52,691       652,866 
    U.S. Treasury (1)                                       652,833     +      79     +  52,691       652,856 
       Bills (2)                                            239,701     +      85     +  37,045       239,726 
       Notes and bonds, nominal (2)                         398,853             0     +  14,760       398,853 
       Notes and bonds, inflation-indexed (2)                12,814             0     +     572        12,814 
       Inflation compensation (3)                             1,465     -       5     +     314         1,463 
    Federal agency (2)                                           10             0             0            10 
 Repurchase agreements(4)                                    20,857     -   3,393     +   5,428        26,250 
 Loans to depository institutions                               126     +       7     -      77           141 
    Primary credit                                                1     -       3     +       1             5 
    Secondary credit                                              0             0             0             0 
    Seasonal credit                                             125     +      10     -      55           137 
    Adjustment credit                                             0             0     -      23             0 
 Float                                                        -450    -     495    +      39       -1,160 
 Other Federal Reserve assets                                40,032     +     487     -     168        39,995 
Gold stock                                                   11,044             0             0        11,043 
Special drawing rights certificate account                    2,200             0             0         2,200 
Treasury currency outstanding (5)                            35,088     +      14     +   1,093        35,088 
                                                              
Total factors supplying reserve funds                       761,739     -   3,301     +  59,005       766,423 
                                                                          
Currency in circulation(5)                                  692,525     -     155     +  32,935       694,545 
Reverse repurchase agreements (6)                            19,916     +     239     +  19,916        19,316 
   Foreign official and international accounts               19,916     +     239     +  19,916        19,316 
   Dealers                                                        0             0             0             0 
Treasury cash holdings                                          343     +      13     -      38           364 
Deposits with F.R.Banks, other than reserve balances         18,006     -      90     +   1,696        18,563 
  U.S. Treasury, general account                              6,205     +     138     +     426         6,174 
  Foreign official                                              259     +     135     +     165           852 
  Service-related                                            11,291     -     108     +   1,071        11,291 
     Required clearing balances                              10,897     +      35     +     936        10,898 
     Adjustments to compensate for float                        394     -     144     +     135           394 
  Other                                                         251     -     255     +      35           246 
Other liabilities and capital                                20,228     +     228     +   1,027        19,745 
                                                              
Total factors, other than reserve balances,                                                       
   absorbing reserve funds                                  751,018     +     234     +  55,537       752,533 
                                                              
Reserve balances with Federal Reserve Banks                  10,722     -   3,534     +   3,469        13,891 
                                                                          
                                                              
Memo (off-balance-sheet items):                               
  Marketable securities held in custody for foreign           
         official and international accounts(2,7)           931,754     -   5,239      ------         930,019 
     U.S. Treasury                                          748,110     -   5,634      ------         746,813 
     Federal agency                                         183,644     +     395      ------         183,207 
  Securities lent to dealers                                  2,056     +     755     -     147         2,534 
Note: Components may not sum to totals because of rounding.
--- Not available.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Estimated.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.
 

 

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.
 

 

2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
Assets, liabilities, and capital Eliminations
from
consolidation
  Change Since
Wednesday
Jul 30, 2003
Wednesday
Jul 23, 2003
Wednesday
Jul 31, 2002
Assets                                               
Gold certificate account                                         11,039                 0         +       1 
Special drawing rights certificate account                        2,200                 0                 0 
Coin                                                                869         -       3         -      78 
Securities, repurchase agreements, and loans                    679,257         -   5,699         +  59,106 
   Securities held outright                                     652,866         +      29         +  52,401 
      U.S. Treasury (1)                                         652,856         +      29         +  52,401 
         Bills (2)                                              239,726         +      34         +  36,757 
         Notes and bonds, nominal (2)                           398,853                 0         +  14,760 
         Notes and bonds, inflation-indexed (2)                    12,814                 0         +     572 
         Inflation compensation (3)                               1,463         -       5         +     312 
      Federal agency (2)                                             10                 0                 0 
   Repurchase agreements (4)                                     26,250         -   5,750         +   6,750 
   Loans                                                            141         +      23         -      45 
Items in process of collection                    (1,264)         7,843         +     163         +   1,345 
Bank premises                                                     1,586         -       2         +      67 
Other assets (5)                                                 38,377         +     161         +     184 
      Total assets                                (1,264)       741,172         -   5,378         +  60,626 
                                                     
Liabilities                                          
Federal Reserve notes net of FR Bank holdings                  660,686         +     961         +  32,218 
Reverse repurchase agreements (6)                                19,316         -     356         +  19,316 
Deposits                                              (0)        33,151         -   6,301         +   7,326 
  Depository institutions                                        25,879         -   6,958         +   6,696 
  U.S. Treasury, general account                                  6,174         +     116         -      68 
  Foreign official                                                  852         +     718         +     688 
  Other                                               (0)           246         -     177         +      10 
Deferred availability cash items                  (1,264)         8,275         +     658         +     962 
Other liabilities and accrued dividends (7)                       2,151         +      13         -     212 
      Total liabilities                           (1,264)       723,578         -   5,025         +  59,609 
                                                     
Capital Accounts                                     
Capital paid in                                                   8,719         +       5         +     453 
Surplus                                                           8,363         -      17         +   1,051 
Other capital accounts                                              513         -     339         -     486 
      Total capital                                              17,594         -     353         +   1,017 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4 Cash value of agreements, which are collatealized by U.S. Treasury and federal agency securites.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
6 Cash value of agreements, which are collateralized by U.S. Treasury securities.
7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of
foreign exchange commitments.
 

 

 

3. Maturity Distribution of Loans and Securities, July 30, 2003
Millions of dollars
Maturity Loans U.S. Treasury
securities (1)
Federal agency
securities
Repurchase
agreements(2)
Reverse
repurchase
agreements(2)
Holding Weekly
changes
Holdings Week
change
Within 15 days             116        46,048    -     112             0            0        24,250        19,316
16 days to 90 days          25       141,180    +     258             0            0         2,000             0
91 days to 1 year            0       159,660    -     113            10            0      ------       ------   
Over 1 to 5 years     ------         179,349    -       1             0            0      ------       ------   
Over 5 to 10 years    ------          46,654    -       2             0            0      ------       ------   
Over 10 years         ------          79,965    -       2             0            0      ------       ------   
           
All                        141       652,856    +      29            10            0        26,250       19,316 
 
Note: Components may not sum to totals because of rounding.
--- Not applicable.
 

1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
2 Cash value of agreements classified by remaining maturity of the agreements.
 

 

 

4. Statement of Condition of Each Federal Reserve Bank on July 30, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Assets                                                             
Gold certificate account                      11,039         495       4,706         380         477         808         863         982         331         224         303         507         963 
Special drawing rights certificate acct.       2,200         115         874          83         104         147         166         212          71          30          66          98         234 
Coin                                             869          35          30          46          38         109         115         108          53          32          56         150          98 
Securities, repurchase agreements,                                 
      and loans                              679,257      31,563     305,568      20,411      30,592      50,207      44,120      65,999      20,565      14,623      17,562      25,589      52,458 
   Securities held outright                  652,866      31,563     279,317      20,411      30,592      50,207      44,105      65,972      20,540      14,573      17,545      25,586      52,454 
      U.S. Treasury (1)                      652,856      31,563     279,313      20,411      30,591      50,207      44,104      65,971      20,540      14,573      17,545      25,585      52,453 
         Bills (2)                           239,726      11,590     102,562       7,495      11,233      18,436      16,195      24,224       7,542       5,351       6,442       9,395      19,261 
         Notes and bonds(3)                  413,130      19,973     176,750      12,916      19,358      31,771      27,909      41,747      12,998       9,222      11,103      16,190      33,193 
         Federal agency (2)                       10           0           4           0           0           1           1           1           0           0           0           0           1 
      Repurchase agreements(4)                26,250           0      26,250           0           0           0           0           0           0           0           0           0           0 
      Loans                                      141           0           1           0           0           0          15          26          25          50          17           3           4 
Items in process of collection                 9,107         694         687         391         425         699         770         626         413         591         636         433       2,740 
Bank premises                                  1,586          91         186          52         152         142         279         119          43         126          54         168         176 
Other assets(5)                               38,377       1,775      13,944       1,132       2,361       5,933       2,240       3,568         994       1,132         921       1,110       3,268 
Interdistrict settlement account                   0     - 4,549     +13,674     -   875     - 3,738     -   232     -   557     - 6,461     - 1,299     -   758     -   809     + 2,713     + 2,890 
          Total Assets                       742,436      30,219     339,669      21,622      30,410      57,813      47,995      65,152      21,171      16,000      18,789      30,767      62,828 
 
Note: Components may not sum to totals because of rounding.
 

1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.
2 Face value of the securities.
3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face
value of such securities.
4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.
 

 

 

 

4. Statement of Condition of Each Federal Reserve Bank on July 30, 2003
Millions of dollars
Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas
City
Dallas San
Francisco
Liabilities                                                         
Federal Reserve notes outstanding             774,095      31,577     332,601      25,402      31,159      58,324      63,604      66,433      23,460      15,086      21,311      35,387      69,753 
  Less: notes held by F.R. Banks              113,409       5,094      22,721       7,933       4,971       9,894      20,866       9,070       4,403       1,377       4,714       7,228      15,138 
    Federal Reserve notes, net                660,686      26,482     309,880      17,469      26,187      48,430      42,738      57,364      19,057      13,708      16,597      28,159      54,615 
Reverse repurchase agreements (1)              19,316         934       8,264         604         905       1,485       1,305       1,952         608         431         519         757       1,552 
Deposits                                       33,151       1,014      15,980       2,376       1,159       2,909       1,833       3,051         686         520         639         809       2,173 
  Depository institutions                      25,879       1,012       8,824       2,375       1,156       2,817       1,831       3,048         684         519         637         808       2,170 
  U.S. Treasury, general account                6,174           0       6,174           0           0           0           0           0           0           0           0           0           0 
  Foreign official                                852           2         829           1           3           7           2           3           1           1           1           1           3 
  Other                                           246           1         153           0           1          85           0           1           1           0           1           1           0 
Deferred availability cash items                9,539         766         846         571         636         614         976         733         265         563         553         557       2,460 
Other liabilities and accrued                                                 
  dividends (2)                                 2,151         124         672          90         115         227         178         209          99          84          87         106         161 
                                                                    
    Total liabilities                         724,842      29,321     335,641      21,110      29,003      53,665      47,030      63,309      20,714      15,306      18,394      30,387      60,961 
                                                                    
Capital                                                             
Capital paid in                                 8,719         446       1,952         252         707       2,091         477         914         228         348         191         183         931 
Surplus                                         8,363         436       1,809         233         701       2,057         475         858         199         340         201         186         868 
Other capital                                     513          16         268          26           0           0          13          71          30           6           3          11          68 
     Total liabilities and capital            742,436      30,219     339,669      21,622      30,410      57,813      47,995      65,152      21,171      16,000      18,789      30,767      62,828 
Note: Components may not sum to totals because of rounding.
 

1 Cash value of agreements, which are collateralized by U.S. Treasury securities.
2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.
 

 

5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars
Federal Reserve notes and collateral Wednesday
Jul 30, 2003
Federal Reserve notes outstanding          774,095  
   Less: Notes held by F.R. Banks         
         not subject to collateralization   108,713  
      Federal Reserve Notes to be         
         collateralized                    665,381  
Collateral held against Federal Reserve             
   notes                                   665,381  
   Gold certificate account                 11,039  
   Special drawing rights                 
     certificate account                     2,200  
   U.S. Treasury and agency securities    
     pledged (1)                           652,142  
   Other eligible assets                         0  
                                          
Memo:                                     
Total U.S. Treasury and agency            
       securities (1)                      679,116  
   Less:face value of securities under    
         reverse repurchase agreements      19,321  
      U.S. Treasury and agency securities  
             eligible to be pledged        659,795  
Note: Components may not sum to totals because of rounding.
 

1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face
value of inflation-indexed securities, and cash value of repurchase agreements.

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